on CYBERGUN (EPA:ALCYB)
CYBERGUN and the uncertainty surrounding VERNEY-CARRON
CYBERGUN, through a press release, expresses its concerns about the future of its subsidiary VERNEY-CARRON, an iconic player in the French arms industry. A takeover offer has been received from an international arms group, but it is conditional on prior financial restructuring. CYBERGUN has committed to forgoing advances of €9.7 million and has requested a €4.5 million loan from the FDES, supported by the General Delegation for Armaments.
The Ministry of Economy and Finance has not yet responded positively to this loan request, and failure to do so could threaten the survival of VERNEY-CARRON and lead to its liquidation. Hugo BRUGIERE of CYBERGUN is calling on the public authorities to support this initiative to preserve this historic expertise.
R. E.
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